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Property view

151 Grove Avenue, 
Dayton, OH 45404

$514,999


3

Beds


1

Bath


12,606

Sq Ft


Multi-Family

Active

Listed by

Philip L Herman

RE/MAX Real Estate Specialists

937-436-9900

Last updated:

September 21, 2026, 03:33 PM

MLS#

969165

Source:

OH DABR

About This Home

151 Grove Avenue

OUTSTANDING INVESTMENT OPPORTUNITY! Brick two-story seven-unit multifamily property featuring seven spacious three-bedroom, one-bath townhouse apartments, each with a private exterior entrance. Current gross rental income is $6,875 per month, or $82,500 annually, providing an attractive existing income stream with potential for continued growth. Over half of the units have been remodeled in recent years, with rents as high as $1,075/month, offering investors a strong combination of current cash flow and future upside. Individual rents range from $925 to $1,075/month. Tenants pay electric and gas; owner pays water, sewer and trash. Full unfinished walkout basement provides excellent storage potential and access to the rear yard and parking. Additional off-street parking is available. Three-bedroom townhouse apartments offer strong tenant appeal and rental demand in this location. Conveniently situated in Old North Dayton, just minutes from downtown Dayton and Dayton Children's Hospital. A compelling opportunity for investors seeking established rental income, desirable unit layouts and value-add potential. *note: operating expences and NOI are averages estimated over 12 months based on some of the first 6 months performance of 2026 and do not include professional management fees or capital improvements such as remodeling of unit expences or some variable expences.

Home Facts

Multi-Family

1 Bath

3 Bedrooms

Built in 1900

Subdivision & Development:

City/Dayton Rev

Price Summary

514,999

$40 per Sq. Ft.

MLS #:

969165

Last Updated:

September 21, 2026, 03:33 PM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

12,606 Sq. Ft.


Structure

Structure

Building Area:

12,606 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

12,632


Finances & Disclosures

Finances

Price:

$514,999

Price per Sq. Ft:

$40 per Sq. Ft.

Source:OH DABR
The information being provided by Dayton Area Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Dayton Area Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.